FedEx to establish regional logistics facility at Qatar’s Ras Bufontas Free Zone
Qatar Free Zones Authority (QFZA) and FedEx Logistics, a subsidiary of FedEx Corporation, have signed a Memorandum of Understanding (MoU) to facilitate the establishment of a regional logistics facility in […]
Tadweer to build Abu Dhabi’s 1st greenfield Material Recovery Facility
Tadweer Group has announced the closed bidding for the planned development of Abu Dhabi’s first greenfield Material Recovery Facility (MRF). The state-of-the-art facility will recover recyclable materials derived from municipal […]
Saudi Entertainment Ventures joins Qiddiya Investment Company
Saudi Entertainment Ventures (SEVEN) has entered Qiddiya Investment Company’s (QIC), a global leader in entertainment and developer of the concept of play, group of companies. The move enhances the entertainment […]
TerraPay collaborates with Al Ansari Exchange for seamless money transaction
TerraPay, a prominent global money movement company, has partnered with Al Ansari Exchange, the largest remittance and foreign exchange company in UAE and a subsidiary of Al Ansari Financial Services. […]
EDB rolls out cash management platform to empower clients
Emirates Development Bank, the key financial engine of UAE economic development and industrial advancement, has launched ‘EDB Smart Connect’, an innovative cash management platform that will deliver a seamless omnichannel […]
Saudi Venture Capital makes key investment in General Atlantic fund
Saudi Venture Capital Company (SVC), a subsidiary of the Small and Medium Enterprises Bank (SME), has announced a significant SAR112.5 million ($31 million) investment in a private equity fund managed […]
EDGE seals key Indonesian ammunition production line deal
EDGE, one of the world’s leading advanced technology and defence groups, has signed a $27 million agreement for supply of an ammunition production line to PT Pindad, an Indonesian state-owned […]
UAE continues to post robust growth in non-oil sectors: OPEC
The UAE continues to demonstrate robust growth in its non-oil sectors, driven by strong government support and solid demand, according to the Organisation of the Petroleum Exporting Countries (Opec). The […]
RMJM completes work on Masdar City innovation hub
Leading architectural network RMJM has announced the completion of work on the Innovation Hub located within Abu Dhabi’s Masdar City. The project is strategically located and easily accessible in the […]
Alba reports $65m Q1 profit
Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has reported a profit of BD24.5 million ($65 million) for the first quarter of 2024, a drop of 48% year-over […]
